SADC: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in SADC

After two years of growth, the SADC pliers and pincers market decreased by X% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then fell markedly in the following year.

Pliers And Pincers Production in SADC

In value terms, pliers and pincers production surged to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Pliers And Pincers Exports

Exports in SADC

In 2022, shipments abroad of pliers, pincers and tweezers for nonmedical use increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, pliers and pincers exports contracted sharply to $X in 2022. In general, exports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Lesotho (X tons), Mauritius (X tons) and Tanzania (X tons), together achieving a X% share of total exports. Angola (X tons), Botswana (X tons) and Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pliers and pincers exports from South Africa stood at X%. At the same time, Mauritius (X%), Tanzania (X%), Lesotho (X%), Botswana (X%) and Angola (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lesotho, Mauritius, Tanzania, Botswana and Angola increased by X, X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest pliers and pincers supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

In South Africa, pliers and pincers exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced a decline in the export price figures.

Pliers And Pincers Imports

Imports in SADC

In 2022, after two years of growth, there was significant decline in purchases abroad of pliers, pincers and tweezers for nonmedical use, when their volume decreased by X% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, pliers and pincers imports shrank sharply to $X in 2022. In general, imports showed a slight contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

South Africa was the major importer of pliers, pincers and tweezers for nonmedical use in SADC, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Angola (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (X%), Namibia (X%) and Madagascar (X%). The following importers - Mozambique (X tons) and Tanzania (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pliers and pincers imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Madagascar (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Mozambique and Tanzania experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Democratic Republic of the Congo, Madagascar and South Africa increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported pliers, pincers and tweezers for nonmedical use in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with an X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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